₦341tn Oil Reserves Untapped in Nigeria - Report  Over 3.5 billion barrels of oil and condensate reserves are locked in undeveloped fields across different basins in Nigeria, according to reports in a publication by the Nigerian Upstream Petroleum Regulatory Commission. At...

Lagos, Ogun, FCT Top Petrol Consumption Chart - NMDPRA Nigerian Midstream and Downstream Petroleum Regulatory Authority has revealed that Lagos, Ogun and the Federal Capital Territory, Abuja, have been identified as major consumers of Premium Motor Spirit (petrol). The NMDPRA PMS...

Investopedia: NGF Launches Joint Platform to Attract Foreign Investors The Nigeria Governors’ Forum has unveiled Investopedia, a biennial publication designed to showcase key projects, incentives, and market insights across sectors, with the aim of attracting foreign investment, creating jobs, and...

Tinubu Abolishes 5% Excise Duty on Telecom Services President Bola Ahmed Tinubu has scrapped the five per cent excise duty previously imposed on telecommunications services, in a move aimed at reducing cost pressures on millions of subscribers across the country. The...

UK Commends Tinubu’s Economic Reforms, Applauds First Lady’s Initiatives The United Kingdom has lauded the economic and trade reforms introduced by President Bola Ahmed Tinubu, describing them as bold, brave, and positive steps toward repositioning Nigeria’s economy. British High Commissioner to...

Naira Falls Against Dollar in Black Market The naira weakened against the US dollar on Monday, August 18, losing ₦5.33 in the parallel market. Currency traders in Abuja told Economic Confidential that dollar demand spiked over the weekend, putting fresh pressure...